at Investor's Business Daily (Mon, 4:33PM)
SAP +3.9% after reporting preliminary Q2 revenue of €3.9B ($4.75B), up 18% Y/Y and above a consensus of €3.8B. Software revenue was €1.06B (+26% Y/Y), and operating profit was €0.92B. SAP's software growth soundly exceeded the 7% license growth delivered by archrival Oracle (ORCL) in its May quarter, as well as its 0%-10% guidance for the August quarter. The results are a breath of fresh air for enterprise software following warnings from Informatica and Qlik.
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